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Net Traded Volume On-Balance Volume Line

Volume studies

This PAC installs a page and two studies to your custom studies group. One is the OBV_TB1 study which plots an on-balance volume line for Time Based TFlow Bar charts, as well as standard bar charts. The on-balance volume line is based on the net difference of trades at the ask minus trades at the bid for each bar as a running sum. This provides more insight into buying and selling pressure. You can set the time of the session to start and stop the calculation .

There is an additional study installed called the TBTF1 Study. This study breaks down the traded volume at the bid and ask prices as histogram bars. For more information, please click the image.

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